EUR 500 million investment in India for MCF warehouses

DHL Supply Chain (DHL) announced a EUR 500 million investment in India over the next five years. DHL will own and operate wholly owned large multi-client sites in India because of this transaction, adding twelve million square feet of warehouse space to the Group’s existing portfolio, says official press release. The expanded warehouse capacity is intended to better serve rising industries such as e-commerce, retail, consumer, life sciences, technology, engineering, and manufacturing, and automotive. “Majority of investment will go towards construction of large warehouses and logistics centers. In India, we will have a multiple customers facility, which means we can deploy people across multiple customers or bring in economies of scale,” said Vikas Anand, MD, DHL Supply Chain India.